Gap Between Rich And Poor In America Essay

Gap Between Rich And Poor In America Essay-12
Its workers now produce over 30% more each hour they work than ten years ago. Though incomes were rising fastest at the top, all workers' wages far outpaced inflation. The pace of productivity growth has been rising again, but now it seems to be lifting fewer boats.

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Many studies suggest that mobility between generations has stayed roughly the same in recent decades, and some suggest it is decreasing.

Other rich countries are watching America's experience closely.

For many Europeans, America's brand of capitalism is already far too unequal.

Such sceptics will be sure to make much of any sign that the broad middle-class reaps scant benefit from the current productivity boom, setting back the course of European reform even further.

The conventional tale is that the changes of the past few years are simply more steps along paths that began to diverge for rich and poor in the Reagan era.

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